Hong Kong


TRANSFER OF BUSINESSES (PROTECTION OF CREDITORS) ORDINANCE
　(CHAPTER 49)
　Whole document:
　　
　　rotect creditors on the transfer of businesses,　to　provide　
for　the
　　ility of transferees of business, the manner in which　such　
liability
　　be avoided and for matters incidental thereto and connected
therewith,
　　to repeal the Fraudulent Transfers of Businesses Ordinance.
　　June 1980]
　1. Short title
　　
　　Ordinance may be cited as the Transfer of Businesses　(Protection　
of
　　itors) Ordinance.
　2. Interpretation
　　
　　In this Ordinance, unless the context otherwise requires--
　　eal" includes a motion for a new trial or　to　set　aside　a　
verdict,
　　ing or judgment;
　　iness" means a business, or any part thereof, consisting of a
trade or
　　pation (other than a profession) whether or not it is carried on　
with
　　ew to profit; "charge" means--
　　a debenture within the meaning of the Companies Ordinance (Cap.
32);
　　a mortgage;
　　a bill of sale;
　　a lien; or
　　any document,
　　r or pursuant to which a business or any assets thereof are charged
as
　　rity for the payment of money or the performance of an obligation,
and
　　udes an equitable charge;
　　rge-holder" means a person who, under or pursuant to a charge,
and for
　　purpose of enforcing payment of any money or for　the　
performance　of
　　obligation, may sell any business;
　　e of transfer" means the date on which a transfer takes effect　
or　is
　　nded to take effect;
　　ice of transfer" means a notice of transfer in accordance with
section
　　registered charge" means a charge which is registered under--
　　the Land Registration Ordinance (Cap. 128);
　　the Companies Ordinance (Cap. 32);
　　the Bills of Sale Ordinance (Cap. 20); or
　　any other enactment;
　　nsfer" means the transfer or sale of a business, but does not
include-
　　the sale of the stock-in-trade of a business in the ordinary
course of
　　trade;
　　the creation of a charge;
　　the transfer of land or any share or interest therein; or
　　the transfer of a vessel (or the transfer of　any　interest　or　
share
　　ein), other than--
　　a vessel to which Part IV of the Shipping and Port　Control　
Ordinance
　　. 313) applies; or
　　a trawler to which Part XII of the Merchant Shipping Ordinance　
(Cap.
　　applies;　"transferee"　means　the　person　to　whom　a　
business　is
　　sferred by a transferor; "transferor" means--
　　in the case of the sale of a business under or pursuant to　a　
charge,
　　person whose business has been or is intended to be sold;
　　in every other case, the　person　by　whom　or　on　whose　
behalf　the
　　sfer has been or is intended to be made.
　　For the purposes　of　this　Ordinance　"transferor"　and　
"transferee"
　　ectively include a sub-transferor and a sub-transferee.
　3. Transferee of business to be liable for liabilities　of　trans-　
feror
　　
　　Subject to this Ordinance, whenever any business is transferred,　
with
　　ithout the goodwill thereof, the transferee shall,
notwithstanding any
　　ement　to　the　contrary,　become　liable　for　all　the　
debts　 and
　　gations, including liability for tax charged or chargeable　
under　the
　　nd Revenue Ordinance (Cap. 112), arising out of the carrying on
of the
　　ness by the transferor.
　　Notwithstanding　subsection　(1),　where　a　part　of　a　
business　is
　　sferred (other than the goodwill thereof) and in any
proceedings--
　　the transferee would, but for　this　subsection,　be　adjudged　
liable
　　r this Ordinance for any debts and　obligations　arising　out　
of　the
　　ying on of the business by the transferor; and
　　it is shown to the satisfaction of the court hearing　the　
proceedings
　　--
　　the transferee purchased such part of the business in good　faith　
and
　　value; and
　　at the date of transfer of such part of the business, the　
transferee
　　no knowledge (whether actual, constructive or imputed)
　　what he was acquiring formed part of a business,
　　transferee shall not be liable under this Ordinance for the debts　
and
　　gations arising out　of　the　carrying　on　of　the　business　
by　the
　　sferor.
　4. Circumstances in which the transferee's liability ceases
　　
　　A transferee shall not become liable under section 3 if　a　
notice　of
　　sfer has been given not more than 4 months, and not less than 1
month,
　　re the date of transfer　and　has　become　complete　at　the　
date　of
　　sfer.
　　Where a notice of transfer has been　given　but　the　notice　
has　not
　　me complete at the date of transfer, the liability of　the　
transferee
　　r section 3 shall cease with effect from the date on which the　
notice
　　ransfer becomes complete.
　　Where a notice of transfer has not been given before or at the
date of
　　sfer, the liability of the transferee under section 3 shall cease
with
　　ct from the date on which a notice of transfer, which is　given　
after
　　date of transfer, becomes complete.
　　A notice of transfer shall, subject to subsections (5) and (6),
become
　　lete upon the expiration of　1　month　after　the　date　of　
the　last
　　ication of the notice in accordance with section 5.
　　Subject to subsection (6),　in　the　case　of　a　notice　of　
transfer
　　rred to--
　　in　subsection　(1),　if　proceedings　are　instituted　
against　 the
　　sferor in respect of any liability of the　transferor　arising　
before
　　notice has become　complete　and　out　of　the　carrying　on　
of　his
　　ness; or
　　in subsection (2) or (3), if proceedings are　instituted　
against　the
　　sferee in respect of any liability of the transferee under　
section　3
　　ing before such notice becomes complete,
　　notice of transfer shall (for the purposes of such　proceedings　
only)
　　eemed incomplete pending the final determination of such　
proceedings,
　　uding all possible appeals, and pending the expiration of all　
periods
　　ng which such appeals may be brought.
　　Where proceedings are instituted, a notice of transfer　shall　
not　be
　　ed incomplete under subsection　(5)　unless　within　1　month　
of　the
　　eedings being instituted--
　　they are served on the transferor or transferee, as the case　may　
be;
　　
　　written notice that they have been instituted is　sent　by　
registered
　　to the last known address of such transferor or transferee.
　5. Contents of notice of transfer and manner of giving notice
　　
　　Except in the case of a transfer by way of sale under or pursuant
to a
　　ge, a notice of transfer shall contain the following
particulars--
　　the full name and address of the transferor;
　　the nature of the business and the name or style under which, and　
the
　　address at which, it has been carried　on　during　the　period　
of　6
　　hs immediately preceding the date of transfer;
　　the date of transfer;
　　the full name and　the　residential　and　business　addresses　
of　the
　　sferee;
　　if the transferee--
　　intends to carry on or is carrying on the business, the　full　
address
　　e, and the name and style under which, he is carrying it on or
intends
　　arry it on; or
　　is not carrying on the business and does not intend to carry it
on, a
　　ement to that effect; and
　　a statement that at the expiration of 1 month after the　date　of　
the
　　publication of the notice pursuant to subsection (3),　the　
liability
　　he transferee for all the debts and obligations　arising　out　
of　the
　　ying on of the business by the transferor shall　cease　by　
virtue　of
　　Ordinance unless proceedings are instituted prior to such
expiration.
　　In the case of a transfer by way　of　sale　under　or　pursuant　
to　a
　　ge, a notice of transfer shall contain the following
particulars--
　　the nature of the business, and the name or style under which,
and the
　　address at which, it has been carried　on　during　the　period　
of　3
　　hs immediately preceding the date of transfer;
　　the full name and address of the person whose business has been,
or is
　　nded to be, transferred by way　of　sale　under　or　pursuant　
to　the
　　ge;
　　details of the charge under or pursuant to which the transfer　by　
way
　　ale has been or is to be　made,　sufficient　to　enable　any　
document
　　ting or evidencing the charge to be readily　identified　and,　
without
　　ting the generality of the foregoing, such details shall
include--
　　the date when the charge　was　made,　given,　executed　or　
came　into
　　tence;
　　the consideration for which the charge was executed,　made　or　
given
　　if there was no such consideration, the circumstances in which
it came
　　existence;
　　) in the case of a registered charge, the date of the registration　
of
　　charge, the title of any enactment under which it was　registered　
and
　　number or other means of identifying the charge assigned　to　it　
upon
　　stration;
　　the date of transfer; and
　　the amount of money, payment of which has been secured by　the　
charge
　　which was owing--
　　at the date of the publication of the notice of transfer; or
　　if the transfer has already taken effect, at the date of the
transfer
　　aking effect.
　　Every notice of transfer shall be signed--
　　by both the transferor and the transferee, in the case of　a　
transfer
　　hich subsection (1) applies; or
　　by the charge-holder and the transferee, in the case of a transfer　
to
　　h subsection (2) applies,
　　shall be given by publication in--
　　the Gazette;
　　any 2 of such Chinese language newspapers circulating in Hong Kong
as
　　be approved for the purpose by the Chief Secretary; and (Amended
L. N.
　　f 1985; L. N.　242 of 1989)
　　) 1 English language newspaper circulating in Hong Kong which has
been
　　pproved.
　6. Right of transferee to indemnity
　　
　　The transferee shall be entitled to be indemnified--
　　by the transferor, except in the case of a transfer　by　way　of　
sale
　　r or pursuant to a charge; or
　　by the charge-holder, if the transfer is　by　way　of　sale　
under　or
　　uant to a charge,
　　all amounts for　which　the　transferee　is　made　liable　
under　this
　　nance and for which he would not otherwise be liable.
　　The amount of such an indemnity may be recovered by civil　
proceedings
　　debt or liquidated demand.
　7. Liability of parties not affected
　　
　　ing in this　Ordinance　shall　relieve　or　be　deemed　to　
relieve　a
　　sferor or transferee, or any person who　sells　a　business　
under　or
　　uant to a charge, from any liability to which he　would　
otherwise　be
　　ect.
　8. Limitation of liability of transferee
　　
　　A transferee who in good faith and　without　preference　has　
paid　in
　　harge or partial discharge of any liability for which he became
liable
　　r this Ordinance, and for which　he　would　not　otherwise　
have　been
　　le, an amount which is equal to the value of the business acquired　
by
　　at the date on which the transfer took effect, shall　not　be　
liable
　　her under this Ordinance.
　　The value of a business acquired by a transferee at the date on　
which
　　transfer takes effect shall, until the contrary is proved, be
presumed
　　e an amount equal to the amount paid or agreed to be paid (whether　
in
　　s of money or by means of any other consideration) for the
acquisition
　　he business.
　9. Limitation of time for institution of proceedings
　　
　　ect to section 6, no action shall be instituted to　recover　any　
debt
　　or to enforce any obligation against any person liable therefor
under
　　Ordinance, and for which he would not　otherwise　have　been　
liable,
　　than 1 year after the date on which the transfer in respect of　
which
　　liability arose took effect.
　10. Saving
　　
　　Ordinance shall not apply to any transferee where the transfer
　　ffected--
　　by the Official Receiver or a trustee in bankruptcy;
　　by the liquidator of a company in　liquidation　other　than　
voluntary
　　idation;
　　by the Financial Secretary Incorporated; (Amended L. N. 369 of
1989)
　　by the Director of Education Incorporated;
　　by the Director of Social Welfare Incorporated;
　　by a person selling under or pursuant　to　a　charge　which　has　
been
　　stered for not less than 1 year at the date when　the　transfer　
takes
　　ct;
　　pursuant to any order or direction of any court;
　　by an executor or administrator; or
　　by operation of law.
　11. Repeal and saving
　　
　　The Fraudulent Transfers of Businesses Ordinance (Cap. 49,　1964　
Ed.)
　　epealed.
　　Notwithstanding subsection (1), the Fraudulent Transfers of
Businesses
　　nance (Cap. 49, 1964 Ed. ) shall continue to apply with respect　
to　a
　　sfer--
　　which took effect; and
　　in respect　of　which　notice　was　given　under　section　3　
of　that
　　nance, before the coming into operation of this Ordinance, as if　
this
　　nance had not been passed.


国家外汇管理局


国家外汇管理局关于印发《银行执行外汇管理规定情况考核办法（试行）》的通知

文号:汇发[2008]40号　


国家外汇管理局各省、自治区、直辖市分局、外汇管理部，深圳、大连青岛厦门、宁波市分局；各中资外汇指定银行：
为激励银行贯彻和实施外汇管理规定，促进银行依法合规经营，根据《中华人民共和国外汇管理条例（中华人民共和国国务院令［２００８］第５３２号）《金融违法行为处罚办法（中华人民共和国国务院令［１９９９］第２６０号）及相关规定，国家外汇管理局制定了《银行执行外汇管理规定情况考核办法（试行）（见附件，以下简称《办法）。现就有关问题通知如下：
一、国家外汇管理局各分局、外汇管理部接到本通知后，应立即转发辖内支局、城市商业银行农村商业银行外商独资银行、中外合资银行、外国银行分行以及农村合作金融机构，尽快完成对所辖支局、银行的业务操作培训，严格遵照《办法》规定，公平、公正地开展对辖内银行的考核工作。
二、各中资外汇指定银行应尽快转发所辖分支机构，认真落实《办法》的相关要求，依法合规办理各项业务。
三、２００８年度外汇局对银行考核的周期为９月１日至１２月３１日。
执行中如遇问题，请及时向国家外汇管理局相关部门反馈。联系电话：０１０－６８４０２１２９（综合司），６８４０２４６４（国际收支司），６８４０２２８２（经常项目管理司），６８４０２３６６（资本项目管理司），６８４０２０５０（管理检查司）
特此通知。


附件： 《银行执行外汇管理规定情况考核办法（试行）》



第一条 为激励银行认真贯彻和实施外汇管理规定，促进银行依法合规经营，根据《中华人民共和国外汇管理条例》、《金融违法行为处罚办法》等相关规定，制定本办法。
第二条 国家外汇管理局及其分支局（以下简称外汇局）对银行执行外汇管理规定的情况按年度进行考核。考核周期为每年1月1日至12月31日。
第三条 考核内容、方法和标准由国家外汇管理局统一制定。外汇局设立考核工作小组，负责实施具体考核工作。
第四条 考核内容及分值：
（一）业务合规，占60分。考核银行按外汇管理规定办理相关业务情况。
（二）数据质量，占30分。考核银行按外汇管理规定及时、准确、完整报送相关数据、信息和报表情况。
（三）内控制度，占6分。考核银行执行外汇管理规定的相关内控制度建立情况，监督执行情况。
（四）其他，占4分。考核银行对外汇管理规定的培训、宣传情况，对外汇管理工作要求的配合、落实情况，检查情况。
对于管理权在银行总行（外国银行分行头寸集中管理行、主报告行、短期外债管理行等视为总行）的业务，设置总行单独考核指标。总行单独考核指标不作为对银行分支机构的考核内容。
对于仅由部分银行开办的特殊业务，作为附加项目由外汇局相关部门进行专项考核。
第五条 考核评分采取扣分方式。外汇局按照本办法第四条所列考核内容及相应考核标准（详见附1），以日常监管中发现银行存在的问题作为依据，并结合现场核查，进行各项目分值扣减。
对于银行没有开办相应业务的考核指标，不予考核，为保持与开办相应业务银行的可比性，在计算此类银行总分值时将参照该银行其它同类指标的得分情况予以调整。
第六条 外汇局对银行考核，按法人和属地相结合方式进行。
（一）政策性银行和全国性商业银行（国有商业银行和股份制商业银行）总行由国家外汇管理局负责。
（二）上述银行的分支机构、城市商业银行、农村商业银行、外商独资银行、中外合资银行、外国银行分行以及农村合作金融机构，由所在地外汇局负责。
（三）外汇管理权限下放的，由所在地外汇局负责考核。
第七条 银行考核结果汇总方法为：
（一）外汇局各业务部门将银行各分支机构实际考核得分根据其同期国际收支业务量（国际收支申报笔数）加权平均后，计算该银行单项指标最后考核得分，即：
银行单项指标考核结果=(下级行1得分×该行国际收支申报笔数+下级行2得分×该行国际收支申报笔数+……)/(下级行1国际收支申报笔数+下级行2国际收支申报笔数+……)
对于银行总行和分支机构共有的考核指标，将总行视为一家分支机构，与其他分支机构的得分一并汇总。
（二）考核工作小组将银行单项指标得分之和乘以90%，再与总行单独考核指标得分加总，作为银行全行最终考核结果，即：
银行全行最终考核结果= ∑银行全行各单项指标得分（总行单独考核指标除外）×90%+总行单独考核指标得分
附加项目得分在计算银行最终考核成绩时予以单列。
第八条 银行考核结果的报送程序如下：
（一）外汇局业务部门在评分完成后应将政策性银行、全国性商业银行（国有商业银行和股份制商业银行）分支机构的考核结果分别汇总，以书面形式报送至上一级外汇局对应业务部门（报表格式详见附2）。计划单列市分局应将辖内银行的考核结果直接上报国家外汇管理局，同时抄送所在地外汇局省级分局。
对于跨地区经营的外商独资银行、中外合资银行和城市商业银行分支机构的考核结果，由所在地外汇局以书面形式告知该银行总行所在地外汇局。
国家外汇管理局各分局、外汇管理部（以下简称各分局）业务部门应于每年2月15日之前将辖内银行的上一年度考核结果报送国家外汇管理局对应业务部门。
（二）外汇局业务部门将银行单项业务考核结果汇总后报本级外汇局考核工作小组。
第九条 外汇局根据银行最终考核结果，将被考核银行评定为A、B、C三类，并就银行执行外汇管理规定情况形成整体评估报告。
各分局考核工作小组应于每年3月15日之前向国家外汇管理局考核工作小组提交对辖内银行的考核评估报告。
第十条 外汇局应于每年3月底前将银行上一年度的考核结果和评定等级采取适当方式通知被考核银行，并视情况将银行执行外汇管理规定的整体评估情况予以上报、公布。
第十一条 外汇局对银行进行考核，应留存相应业务记录，并保留24个月。
第十二条 外汇局应将考核中发现的问题及时与银行沟通，督促银行整改。
第十三条 国家外汇管理局各业务部门应对下级外汇局的考核工作予以监督指导。
第十四条 本年度新开设的银行自下一年度参加考核。
第十五条 本办法由国家外汇管理局负责解释。
第十六条 本办法自2008年9月1日起实施。

附：
1、银行执行外汇管理规定情况考核内容及评分标准（试行）
2、银行执行外汇管理规定情况考核评分成绩表